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Property profile & analytics
FOR LEASE
Strip malls
1200 Nanticoke Rd 5 & 6 Salisbury, MD 21801
Entity Owned
14-yr Hold
~
Est. High Equity
Property ID
US40-1030223
For Lease
1 / 5
$3,000/Mo
1200 Nanticoke Rd,Unit 5 & 6, Salisbury, MD 21801
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1992
Construction
BRICK
Total area
28,830 SF
Lot
8.72 ac (379,843 SF)
Zoning code
NB
APN
09-075844
UPID
US40-1030223
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Dunkin' Cafe & Coffee Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.56M
Owner & transaction history
Nistazos Holdings LLC · 14 yrs held
Nistazos Holdings LLC
since 2012
7 recorded transactions
Zoning & alternative use
NB · Salisbury, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of the neighborhood business district is to provide areas along major roads or intersections in residential neighborhoods for clustering of limited business and service uses, the areas are exposed to large amounts of traffic, have good vehicular access and are unlikely to develop with residential lots, the uses permitted in these districts are in…
Zone name
Neighborhood Business District
General category
COMMERCIAL
Zone area
73.91 ac
Source
Realmo
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Salisbury submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Salisbury submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,695,000
Current use
Blend value · Realmo final
$1.56M
Range $1.40M – $1.71M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$54 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$46,227
Tax year 2023
Assessed value
$4,634,300
Assessed 2023
Previous assessed
$4,632,633
+0.0% YoY
Effective rate
1.00%
On assessed value
Assessed land
$1,090,000
Assessed improvement
$3,544,300
Land market value
$1,090,000
Improvement market value
$3,544,300
Total market value
$4,634,300
Applied tax rate
1.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Lease
Year built
1992
Construction
BRICK
Heating
PACKAGE
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Units
2
Total area
28,830 SF
Lot
8.72 ac (379,843 SF)
Zoning code
NB
APN
09-075844
UPID
US40-1030223
Jurisdiction
WICOMICO
Zoning & alternative use
NB · Salisbury, MDZoning NB · permitted uses
NB · Salisbury, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of the neighborhood business district is to provide areas along major roads or intersections in residential neighborhoods for clustering of limited business and service uses, the areas are exposed to large amounts of traffic, have good vehicular access and are unlikely to develop with residential lots, the uses permitted in these districts are intended to provide services, light retailing and food products as a convenience to the neighborhoods within walking or short driving distance
Zone name
Neighborhood Business District
General category
COMMERCIAL
Zone area
73.91 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.7M
NEIGHBORHOOD: SHOPPING CENTER Current
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1992
Construction
BRICK
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
2
Units
2
Lot
8.72 ac
Current owner
From public records · entity-resolved
Nistazos Holdings LLC
Entity
Mailing address
4920 SNOW HL RD, SALISBURY, MD 21804-1942
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 25, 2012
$300,000
Nistazos Holdings LLC
Rwb Investments LLC
Grant Deed
related
$780,000 · Branch Banking & Trust Co
Dec 7, 2011
$175,000
Rwb Investments LLC
Pecan Square Shopping Center I
Grant Deed
—
Jul 25, 2011
—
Pecan Sq Shopping Ctr INC
—
Deed Of Trust
related
$1,300,000 · Hebron Savings Bank
—
—
Pecan Sq Shopping Ctr INC
—
Deed Of Trust
related
$1,000,000 · Hebron Savings Bank
—
—
Rwb Investments LLC
—
Deed Of Trust
related
$1,000,000 · Hebron Svgs Bk
—
—
Pecan Square Shopping Center I
—
Deed Of Trust
related
$2,500,000 · Hebron Savings Bank
—
—
Pecan Sq Shopping Ctr INC
—
Deed Of Trust
related
$800,000 · Hebron Savings Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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